Square, Inc. (NYSE:SQ) has a beta value of 2.69 and has seen 9,502,127 shares traded in the recent trading session. The company, currently valued at $51.28 Billion, closed the recent trade at $116.07 per share which meant it lost -$1.9 on the day or -1.63% during that session. The SQ stock price is -15.28% off its 52-week high price of $133.81 and 72.15% above the 52-week low of $32.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.38 Million shares traded. The 3-month trading volume is 14.3 Million shares.
The consensus among analysts is that Square, Inc. (SQ) is a Hold stock at the moment, with a recommendation rating of 2.7. 5 analysts rate the stock as a Sell, while none rate it as Overweight. 21 out of 42 have rated it as a Hold, with 15 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.06.
Square, Inc. (NYSE:SQ) trade information
Despite being -2.17% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 09 when the SQ stock price touched $133.81 or saw a rise of 12.76%. Year-to-date, Square, Inc. shares have moved 86.59%, while the 5-day performance has seen it change -7.06%. Over the past 30 days, the shares of Square, Inc. (NYSE:SQ) have changed 34.61%. Short interest in the company has seen 28.32 Million shares shorted with days to cover at 1.98.
Wall Street analysts have a consensus price target for the stock at $93.82, which means that the shares’ value could jump -19.17% from current levels. The projected low price target is $41 while the price target rests at a high of $150. In that case, then, we find that the current price level is +29.23% off the targeted high while a plunge would see the stock lose -64.68% from current levels.
Square, Inc. (SQ) estimates and forecasts
Figures show that Square, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +74.51% over the past 6 months, with this year growth rate of -80%, compared to 4.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -128.6% and -52% for the next quarter. Revenue growth from the last financial year stood is estimated to be +132.5%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +30% over the past 5 years. Earnings growth for 2020 is a modest +950% while over the next 5 years, the company’s earnings are expected to increase by 30.23%.
Square, Inc. (NYSE:SQ)’s Major holders
Insiders own 1.23% of the company shares, while shares held by institutions stand at 74.35% with a share float percentage of 75.28%. Investors are also buoyed by the number of investors in a company, with Square, Inc. having a total of 1026 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 27.92 Million shares worth more than $1.46 Billion. As of March 30, 2020, Vanguard Group, Inc. (The) held 7.69% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 19.77 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.04 Billion and represent 5.45% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.8% shares in the company for having 10181612 shares of worth $533.31 Million while later fund manager owns 4.88 Million shares of worth $255.86 Million as of March 30, 2020, which makes it owner of about 1.35% of company’s outstanding stock.